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To: DaveMG who wrote (16639)	10/16/1998 7:56:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Dave - regarding ...I'm sure you've heard the quote attributed to JP Morgan when asked how he managed to make so much money .." I always sell too early". I think it was one of those Rothchilds who said that. Although, maybe more than one person said it. (Or, I am remembering incorrectly). Anyone know for sure ? Jon.

To: DaveMG who wrote (16639)	10/16/1998 8:28:00 AM
From: limtex	Respond to of 152472

DMG - ****** ON TOPIC - YES - ON TOPIC *** Any ideas what this is all about. What are these Finns up to now and why don't they just give up and pay up? ************************ Nokia announces 3rd generation mobile trial in China Nokia today announced it is going ahead with plans to test a trial system for 3rd generation mobile services in China. Both the network technology and the mobile terminal technology for the trial will be designed and provided by Nokia. [Business Wire, 362 words] ***************************** I object. What on earth has Finland ever done for China? Why is CDMA being put on hold while some new piece of Scandanavian hocus pocus is to be forced down the throats of the hapless Chinese peasants. Why can't the Q sell them mobile phones that they don't need. The US has a massive trade imbalance with China and how much does Finland have. After NOK.A has finished with them I bet the Finns are in surplus with China. A few years ago no-one even heard of Finland. Its biggest export was using Heslinki in Hollywood spy movies because to moviegoers in South Texas it happens to look like St Petersburg. Now these Finns are in the high tech telecom business for heavens sake and the Q and CDMA are on hold in China. This is nonsense and water is flowing uphill!!!! I object. Regards, L

To: DaveMG who wrote (16639)	10/16/1998 3:41:00 PM
From: Maurice Winn	Respond to of 152472

Thanks DaveMG, so Fleck likes gold. Okay, but you can't buy and sell using it. He says paper money goes to zero. Well, it won't until civilization goes to zero too and the USA is sure not looking like that, so we can be sure that the Fed will not be allowing the money to turn to mush. Unless Fleck is really picking total disaster in which case we might as well join Ramsey in a hut somewhere in Montana [well, I'll make do with Eketahuna]. So the Fed has already dinged the dollar. The stocks have already taken their pummelling. So why sell now and go to gold? Surely it is too late? That's my guess anyway. As Morgan or somebody is alleged to have said, you have to sell too soon to do that. Like Buffett with his bonds - you have to be ahead of the moves, not coming in behind. Overcapacity in cdmaOne is great for The Q. It means consumers' money will mostly flow The Q's way in ASICs, instead of into high margins for handset producers - though even high margins for handsets is not too bad as The Q gets a % of the wholesale price which will reflect the high demand. This must be one of those Winn-Winn-wins situations. Nice for you to have a win too - buying The Q in the 30s. I'd never have believed it. The Nokia trial in China seems fair enough - it is only a trial. The Chinese are handling it all very well I reckon. Trying all options out at no charge. Then judging when the best time to go is on them = after the wars over 3G are resolved and maybe when infrastructure prices have dipped a little and handsets are proliferating with Chinese Web browsers and email. Their decision is certain to be CDMA. They are just checking their options while battling on with GSM for now. They have to tidy up who owns what too. The military, spectrum, joint foreign ventures and the like need resolution. Mqurice